Ftmo premium reddit review 11 votes, 36 comments. Took me an average of 1. When MFF imploded , I wanted to buy a 200k FTMO account, but I decided to get 2x100k, one each with FTMO and 5%ers to spread the risk out of another implosion. (Just gotta wait 5 more days to complete the 10 day requirement) I’m so excited to start. com, a trading forum run by professional traders. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". Nov 22, 2024 · The majority of FTMO reviews on Trustpilot praise the company for its fair evaluation process, efficient trading platforms, and excellent customer support. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. Welcome to FTMO's Premium Programme, where elite traders gain access to exceptional benefits and rewards. None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. Unfortunately, many are not quite right and many are misleading. seems like you guys have not understood how ftmo works. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. FTMO's Premium Program rewards successful traders with two tiers offering increasing benefits: Prime Status: More Money, More Profit: Increased maximum capital allowance (up to $600k) and a higher profit split (90% to you). 323K subscribers in the Forex community. One big difference is that ACG has a lower 8% Phase 1 goal for its prop business challenges, which makes it easier for traders to pass. Sorry OP but that's a dumb question. Do your research but so far, my experience with MFF has been great. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. 😕 Customers from the US are no longer welcome. This past 30 days I tried my 3rd FTMO challenge of the year after starting forex back in April and I just passed the 2nd stage verification. Tradeable assets include Forex, cryptos, commodities, I once gave a 1-star rating because I misunderstood something and Ftmo explained it to me straight away and gave me a detailed answer about my problem. r/Daytrading • I just crossed + $375,000 in profits after 18 months of full time day trading. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. My question is if any of you guys who have passed the first… The rules are better than FTMO. Some of them have also posted So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! FTMO developed a unique 2-step Evaluation Process for traders. INVESTING . We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. O programa tem dois níveis principais que pode atingir, com a possibilidade de alcançar o terceiro nível. with FTMO you can get a practise account and test fills , spreads for 14 days. As for high frequency trading (HFT) with an EA, FTMO does not specifically prohibit this type of trading, but they do have some restrictions on the use of EAs. You have to be profitable to be able to make money on their FTMO without second thought. as long as you don't resort to shady practises and align your trading style with them , you are good to go. The real question is do YOU have a consistent and profitable method? That is the real question. Except with taking a prop challenge, you can pick the day when you're ready and if a lot of props removed a time limit, then even better. Took me several challenges to pass but all worth it. In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. 4. Their scaling plan of 10%/4 months is more realistic. Trying too hard and studying too hard has diminishing returns and is counterproductive. If they fail, you are still out FTMO's challenge fee. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. The main reason is rules and laws. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. The max daily loss is the thing you need to watch out for. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth 2 days ago · Attention Forex Traders, I want to share my unfortunate experience with FTMO, a prop trading firm. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. As you may have seen ftmo recently announced they're bumping up profit split from 70:30 to 80:20 as a holiday treat for passing traders. 5% a month with their 200k account is still 10k and if you haven't scaled to their 90/10 split yet, it's 8k in your pocket each month. 1% with FTMO and +4. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. The FTMO Challenge rules and Verification process are well-documented and Hi all. which is more than enough to pay out the traders that do make money (90%+ loose) Ok i meant $5k max daily loss. Don't just chase the big profit targets just because you want freedom. So, I’m looking for insight on Top Tier Trader and Thinkmarkets broker. there are 50 prop firms operating as of now , but no firm can match track record . Savings are hard to come by because FTMO doesn't give them out very often. Many traders also point out the quick and reliable FTMO payouts. There seem to be quite a few users leaving negative reviews. in short it seems like they cheat by making you lose the money you invested to do some challenges to get an account with them (propfirm). It looks like a good option to the well-known FTMO. If they pass, you pay. This simply shows that ftmo cares about its customers, so that customers ultimately feel comfortable and satisfied. Always payout, every time. Sep 27, 2024 · With features like an FTMO Challenge, Performance Coaches or Premium Programme, it’s designed for traders aiming to sharpen their skills. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Updated : September 26, 2024. Sep 26, 2024 · FTMO Review. Today i finished my first phase of my 100k Challenge. Feb 8, 2024 · FTMO is one of the fastest growing proprietary trading firms with funded trading accounts. A new prop firm could go bankrupt if their model is not bulletproof. FTMO official response: Hi there folks, thanks for your comments. FTMO has specific rules and guidelines for trading in their Challenge and Verification phases, and it is recommended that you review these rules before starting your trading. The firm's fee structure is clear and straightforward, with no hidden costs or unexpected charges. Posted by u/mrcake123 - 14 votes and 97 comments The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification as well as the KYC/KYB process. Trust the process and don’t give up. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. 2m. even if it's just a simulation. You will never have worry about a "MyForexFunds" moment w/ FTMO. S. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. FTMO is legit and has been around for a while. USE FTMO Sep 9, 2024 · FTMO’s Evaluation Program provides traders the opportunity to manage account sizes ranging from $10,000 up to $200,000. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. 80 after all the trades hit my stop losses. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. I think it might be prudent to set reminders up on every FTMO pass thread and ask the OP how they are going after 3-6 months. 8. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. 5% with the 5%ers, all due to the spreads. Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update Jul 31, 2024 · FTMO Funding Overview Profit Split 80% to 90% Daily Loss 5% - 10% Max Drawdown - Profit Target 5% - 20% Tradable Products Forex, Indices, Metals, Bem-vindo ao Programa Premium da FTMO, onde traders de elite têm acesso a benefícios e recompensas excecionais. You need to study for it, practice, take notes and review them, learn with friends if you can and only try to take the test when you absolutely feel like you're ready. Got to give it to FTMO. Posted by u/uiy564896432 - 1 vote and 6 comments Always remember that these guys the run prop firms are always competing against other prop firms , in forex eventually after using statistics and time … 95% of traders will lose (the house always wins) only the 5% make it with good coin. On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. The platform offers access to various assets, including forex, stocks, and cryptocurrencies, making it suitable for investors with different strategies. No "gotcha" moments or stupid fine print rules. Upon successful completion of the Evaluation Process, you are offered to trade on a demo FTMO Account with a balance of up to 200,000 USD. Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. professionalism ,longevity of FTMO. com's Reddit Forex Trading Community! Here you can converse about trading ideas… FTMO developed a unique 2-step Evaluation Process for traders. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. Moreover, FTMO operates with integrity, ensuring that traders are treated fairly and ethically at all times. Here are testimonials of our traders. Essentially once you pass their exam, you go through their identity verification process and sign the contract and they provide you with the login credentials to the account that's linked to their live account within 1-3 business days. In the other note I believe in every single one y’all who are trying to make a change. But my point still stands, if you want to trade properly you dont want your drawdown to reach anywhere near that $5k, let alone the $10k since you'll just be putting all your eggs in one basket. so let me clear things up: your trades never get placed in a real market. -ftmo's business model is based on the failed challenge fees. 10%/month like FTMO is not realistic imo. Many reviewers have shared their experiences of passing the challenge and verification phases, receiving their funded accounts, and getting their profit splits on time. I had two accounts with them, and when I made significant profits of $15000 on one account and $19000 on other account, they refused to make my payments, claiming it was due to "over risk exposure. Currently trading 200k and once I max out ftmo I'll look for others prop firms to get more AUM but until then ftmo is the way to go for me. FTMO has a dashboard that lists the times that the news will be released. Ziskovost Aktivní účast na úrovni Prime po dobu 3 měsíců s alespoň 3 výplatami a ziskovostí 4 % na výplatu na FTMO Accountu ve výši 400 tisíc USD. FTMO Review Summary. Funded traders receive up to 90% of profits. FTMO is an excellent proprietary trading firm for forex traders. And even extra 10% more for those qualifying under the scaling plan. Thanks for reading this FTMO review. " I see no reason to use anything either than FTMO, they have established themselves, have lots of good reviews and most importantly they have the capital to pay people and support their system. So lets do simple maths. I’ve been funded with FTMO for more than two years but I cannot participate in their Premium programs as I’m in the US. so pretty much same amount. Can't go wrong with FTMO. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on So this how the first FTMO payout went. - To be with other like-minded forex traders. Additionally, you need close any open positions on the pair it'll effect . In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! So to them, it is a completely risk free business. Commissions/spreads are low and competitive. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. FTMO only lets you trade CFDs, which is illegal in the U. Hey guys. FTMO Prop Firm Review Comment Your Review Below FTMO Link On my 25k FTMO Challenge it says the max daily loss is exceeded today but it never actually did, i never did at any point go into drawdown above $1,250, i had stop losses set for every trade and today i only lost $698. FTMO is legit, and I assume they have a lot of very successful traders. 5 months per scale up. That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? One aspect that sets FTMO apart is its commitment to transparency and fairness. Searching for it online is a waste of time. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. The potential for account growth is however capped which is a huge negative for me. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Welcome to FXGears. Despite this, FTMO’s premium services and large community provide solid support for traders looking to excel. While it is exciting to see the amount of FTMO passing going on, I need to be a buzzkill and remind you that the majority of people fail those challenges and just keep taking them until they pass. . The programme has two main levels that you can achieve, with the possibility of even reaching the third level. The issue here is that you see all the 'success' stories and no failure stories. Definitely enough to live on unless you have some huge family or expensive cost of living. FTMO supports the three most popular trading solutions: MetaTrader 4; MetaTrader 5; cTrader; All of them are free to use with no markup to all demo trading account and virtual funds. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Written By. The reviews and testimonials are all 100% organic. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Free Challenge: Earn a free FTMO challenge at the same size as your current account. that means 100K x 30 = 3m to trade with. No issues. Musíte mít aktivní FTMO Account v hodnotě 400 tisíc USD (sloučený ze dvou FTMO Accountů v hodnotě 200 tisíc USD nebo z jednoho FTMO Accountu v hodnotě 400 tisíc USD). -Share FUNNY Trading Apr 28, 2024 · FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. FTMO's 70/30. hlzu gfyene xohgkbf gejjc kjpohkz audo zqwmmq plykx yifhli yliui